BUSINESS Germany slashes 2019 growth forecast to 1.0%


Germany slashes 2019 growth forecast to 1.0%


19:31, January 30, 2019

Berlin on Wednesday slashed its growth forecast for 2019, saying it now expects only 1.0 percent expansion for the German economy compared with 1.8 percent previously.


File photos: VCG

After growth of 2.2 percent in 2017 and 1.5 percent last year, Economy Minister Peter Altmaier predicted a slowdown "largely due to the international environment" where an uncertain Brexit outcome, trade conflicts -- especially with the United States -- and tax competition are weighing on the country's prospects.

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